State of Michigan Retirement System Acquires 156,300 Shares of Vertiv Holdings Co. $VRT

State of Michigan Retirement System lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 65.3% during the first quarter, Holdings Channel.com reports. The firm owned 395,600 shares of the company’s stock after acquiring an additional 156,300 shares during the quarter. State of Michigan Retirement System’s holdings in Vertiv were worth $99,129,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VRT. Norges Bank acquired a new stake in Vertiv in the fourth quarter valued at $808,701,000. Marshall Wace LLP lifted its holdings in Vertiv by 265.6% during the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after buying an additional 1,939,749 shares during the period. Alkeon Capital Management LLC lifted its holdings in Vertiv by 178.2% during the 4th quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock worth $324,524,000 after buying an additional 1,283,110 shares during the period. Ameriprise Financial Inc. grew its position in shares of Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock valued at $361,033,000 after buying an additional 930,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Vertiv in the 3rd quarter valued at about $125,331,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 4.1%

Shares of Vertiv stock opened at $305.73 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. Vertiv Holdings Co. has a 52 week low of $118.70 and a 52 week high of $379.93. The stock has a 50 day moving average price of $324.18 and a two-hundred day moving average price of $266.43. The stock has a market capitalization of $117.43 billion, a PE ratio of 76.82, a price-to-earnings-growth ratio of 1.38 and a beta of 2.03.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 6.38 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s payout ratio is 6.28%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VRT shares. Citigroup increased their price target on Vertiv from $353.00 to $414.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $260.00 target price (down from $280.00) on shares of Vertiv in a report on Tuesday, March 31st. Oppenheimer increased their target price on shares of Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, HSBC initiated coverage on shares of Vertiv in a report on Wednesday, March 25th. They set a “buy” rating and a $325.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $342.24.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.